Hiscox Ltd (LON:HSX) Rating Reaffirmed

Expert analysts at JP Morgan Cazenove now has a GBX 1100.00 PT on Hiscox Ltd (LON:HSX). JP Morgan Cazenove and their recent PT means a potential upside of 10.17% from the company’s closing share price. The rating has been announced to investors in a very recent research note on 30 November.

From a total of 14 analysts covering Hiscox Ltd (LON:HSX) stock, 5 rate it a ”Buy”, 3 a “Sell”, and 6 a ”Hold”. This means that 36% of the ratings are positive. The highest target price is GBX 1190 while the lowest target price is GBX 645. The mean of all analyst targets is GBX 866.92 with a -13.18% below today’s (GBX 998.5) stock price. Hiscox Ltd was the topic of 31 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on November 23 with “Market Perform” rating. Peel Hunt maintained shares with “Hold” rating and GBX 785 target share price in a report from a November 9. Westhouse Securities maintained HSX stock in a recent report from November 13 with “Sector Perform” rating. Numis Securities maintained the rating on November 9. Numis Securities has a “Hold” rating and a GBX 880 price target on shares. Finally, RBC Capital Markets maintained the stock with “Outperform” rating in a report issued on a November 9.

The stock increased 0.40% or GBX 4 on November 27, striking GBX 998.5. Approximately shares of stock traded hands. Hiscox Ltd (LON:HSX) has risen 20.96% since May 1, 2015 and is uptrending. It has outperformed by 21.85% the S&P500.

Hiscox Limited is a Bermuda-based specialist insurer company. The company has a market cap of 2.84 billion GBP. The Firm is a holding firm for subsidiaries involved in the business of insurance and reinsurance in Bermuda, the United States, the United Kingdom, Guernsey, Europe and Asia. It has 13.48 P/E ratio. It operates through four divisions: Hiscox Retail, Hiscox London Market, Hiscox Re and Corporate Centre.